Lingrid

GOLD FIX in strong zone of RESISTANCE and FALL

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold continues to rise after a rebound from the support level of 1675.91. During the growth in April, it broke through the support lines: 1742.92 and the level of 1763.79. Then it rose to the resistance zone 1798.59 where the resistance lines of August 2020 and March 2018 intersect. Strong resistance is the main reason for the fall. I expect the price to fall again, break through the support level of 1763.79, fix on it and come to the support line at 1707.20. This will be our goal.

Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻

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